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Bullshit Blockchain Mining?

In: ESG Investment, German Industrie 4.0, and Blockchain

Author

Listed:
  • Kazuyuki Shimizu

    (Meiji University, School of Business Administration)

Abstract

SmartphoneSmartphones and high-speed computers h3ave advanced our productivity sufficiently and are vital to our daily lives. However, our everyday environment is not much different from before and is surrounded by more “bullshit jobs.” It’s as if someone were out there making up bullshit jobs to keep us all working. Here, let us consider the meaning of “bullshit.” Indeed, Bitcoin has been touted as an innovative method of information security as distributed ledger technology (DLTDLT). GAFA’s “centralization of information” can be decentralized by this DLT technology. However, the spread of blockchain technologyblockchain technology is considered “bullshit” for the following three reasons. First of all, the issue of electricity consumption in blockchain mining and the industry as a whole, and secondly, whether the blockchain technology is adaptable to the organizational structure and what is the bureaucratic “bullshit job”? Finally, there are some applicable fields in blockchain technology and their limitations. Blockchain mining cannot wipe out uncertainties about the future. Still, breaking through the current situation, blockchain mining will be a ray of light in the darkness for a globally distributed economy. To try to automate “bullshit jobs” through human enhancement such as the Internet of Ability (IoA), it is necessary to carefully analyze, break down “bullshit jobs,” and render unto man’s jobs.

Suggested Citation

  • Kazuyuki Shimizu, 2026. "Bullshit Blockchain Mining?," Springer Books, in: ESG Investment, German Industrie 4.0, and Blockchain, chapter 0, pages 151-162, Springer.
    • Handle: RePEc:spr:sprchp:978-981-95-6927-4_8
    DOI: 10.1007/978-981-95-6927-4_8
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